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Topic: Bitmain announces plan to create altcoin if BIP148 succeeds - page 7. (Read 16954 times)

legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Jihan Wu is currently giving a speech in some chinese blockchain event about scaling bitcoin:

https://twitter.com/ViaBTC/status/874822283033845760

I wonder what kind of lies is he propagandizing right now. I guess he is already out there promoting his ChinaCoin hard-fork.

If they wanted segwit, they would activate it already with BIP141.

-Bla bla bla blockstream evil bla bla bla
-bla bla bla bla 8mb blockz aresocoolbla
-blablablaasicboostsoawesomeblabla rovger ver isrealsatoshiblablabla
-blabla satoshi's vision was 999mb blocks blablabla
I love how Roger and his cronies always spew this Satoshi's view bullshit. It's like they are trying to make Satoshi a God and his vision infallible but if they look at his post history it was clear that things changed with time. He just isn't here anymore to keep pushing through changes and that's a good thing you don't want one person being the leader and king of a coin, now if only Jihan would figure that out.

Roger Ver says today that Satoshi has done an bitcoin ico



post like that shows and the low quality of that persons. This guys are so stupid and arrogance that not even release that the majority in bitcoin community hate them and a red flag for everyone.
legendary
Activity: 1002
Merit: 1000
Bitcoin
Do you trust money or open-source-code ?

Welcome BitmainCoin..  AsicBoosted mining..

LMAO !

dont worry and HODL !
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
Jihan Wu is currently giving a speech in some chinese blockchain event about scaling bitcoin:

https://twitter.com/ViaBTC/status/874822283033845760

I wonder what kind of lies is he propagandizing right now. I guess he is already out there promoting his ChinaCoin hard-fork.

If they wanted segwit, they would activate it already with BIP141.

It seems chinese ppl are very polite. If Jihan was giving a speech in Europe or USA right now someone for sure will throw him tomatoes or eggs.
I can predict this will happen even in China if bitcoin price crash below 2000$ or even worst if price crash below 1000$ from his actions then i will not like to be in his place. Many will look for him Cheesy
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
This is getting tricky. It used to be between the miners and the core developers, now there's also the hardware manufacturer who wants to rule the BTC world.

I wish simple users who have more power. But everybody shall remember we will have to power to choose the leading coin if there's a hard fork.
member
Activity: 98
Merit: 10
This is gods gift.
Bitmain is the donald j trump of crypto  Cheesy

Don't say that.. someone might ddos a pool right before vote time.. then the cry's will be it was rigged!

thought saying that. what if something happened if something were to effect the vote? like some form of attack? so one side of the table is forced into either choice?

possible?
member
Activity: 363
Merit: 10
This is gods gift.
Bitmain is the donald j trump of crypto  Cheesy

so he's an orange idiot?
legendary
Activity: 2464
Merit: 1145
This is gods gift.
Bitmain is the donald j trump of crypto  Cheesy
sr. member
Activity: 276
Merit: 254
That put aside, FrankSegwit was rejected because of two reasons:

Rejected by who? As far as I know just few developes, their fanatic supporters and mindless troll army. Bitcoin cannot make everyone happy, I heard long time: if you dont like high fees, just use altcoin. So now it is: if you dont like SegWit2x, just use altcoin. Bitcoin going to be ok without the few hundred or so people not willing to compromise, the other millions going to appreciate what SegWit2x deliver to Bitcoin.
legendary
Activity: 1762
Merit: 1011

So it is ok if others start a fork using UASF or Core developers getting their way.


False equivalence.
legendary
Activity: 1762
Merit: 1011

He forgot to mention the part where it's censorable with Bitmain's greater than 50% hash rate.
legendary
Activity: 1762
Merit: 1011
The good capital is already tied down in altcoins, probably in cold storages.

you would have to be crazy to be planning on long term holding any alt, ethereum included, unless you've already made out like a bandit. who knows whether any of them will be around in 3-4 years.

You could be playing with house money.
sr. member
Activity: 1442
Merit: 265
News like this causing the recent panic sell i guess, im still optimistic that bitcoin will remain strong and grow, this is just short term decline.
sr. member
Activity: 254
Merit: 1258
Jihan Wu is currently giving a speech in some chinese blockchain event about scaling bitcoin:

https://twitter.com/ViaBTC/status/874822283033845760

I wonder what kind of lies is he propagandizing right now. I guess he is already out there promoting his ChinaCoin hard-fork.

If they wanted segwit, they would activate it already with BIP141.

-Bla bla bla blockstream evil bla bla bla
-bla bla bla bla 8mb blockz aresocoolbla
-blablablaasicboostsoawesomeblabla rovger ver isrealsatoshiblablabla
-blabla satoshi's vision was 999mb blocks blablabla
I love how Roger and his cronies always spew this Satoshi's view bullshit. It's like they are trying to make Satoshi a God and his vision infallible but if they look at his post history it was clear that things changed with time. He just isn't here anymore to keep pushing through changes and that's a good thing you don't want one person being the leader and king of a coin, now if only Jihan would figure that out.
legendary
Activity: 1762
Merit: 1011

I think they are essentially against the idea that the block limit of 1 MB should remain.  Segwit as such they don't care too much about.  I think the question is rather in the other direction: why are segwit supporters (Core essentially) AGAINST block size increase ?  The two main arguments they advance for this:
- only soft forks because hard forks could lead to a chain split
- there should be many full nodes to keep bitcoin decentralized, and bigger blocks will kill full nodes

are bogus.

They are bogus because a well-done HF is much less of a danger to split the chain, than an aggressive, non-consensual soft fork



SegWit as a BIP141 soft fork wasn't, and isn't, bogus, as it wasn't thought to be contentious. It's currently still the safest way to go, as most nodes are already running the software to support its activation. Another issue with hard forks is backwards compatibility. SegWit maintains backward compatibility, which is a good, conservative way of doing things.
legendary
Activity: 3430
Merit: 3080
It's pretty hollow and meaningless stuff.

hmmm, projecting onto your own rhetoric though.

Yes, we all know you can write several paragraphs under the theme of "reasons why not BIP148", very good, 5 stars

But as I said, you're not in control, we are. So it's pretty hollow and meaningless stuff, I'm sure you can identify with that.
legendary
Activity: 1762
Merit: 1011
What is funny about this to me is that the whole premise of Bitcoin is to have a low-cost, decentralized currency.  However:

1. It isn't low-cost (a $1 transaction costs $4 with the transaction fee (at a minimum))
2. It isn't decentralized (1 organization has a massive influence).  This announcement has caused a swing of $400 USD in the currency value TODAY!


It isn't the whole premise. Censorship resistance is also a big component.
sr. member
Activity: 254
Merit: 1258
so you admit that already we are point that some few people have such power to impact price.
This should be obvious that Bitmain have to much size and siting on asic boost will make things only worse over time.

Bitmain is making bigger downside moves in BTC that China central bank ridding Chinise exchanges Cheesy
this is sign of problems. People have to woke up.

Why would I not admit that? I have already stated that the ASIC monopoly and mining cartel are much more dangerous than any kind of scaling issues. Just so that we are clear, all these idiots in altcoins parading "we are the best, we will win next" will get crushed. This is the time to be watching and learning from Bitcoin, i.e. how Bitcoin combats and resists malicious actors such as Bitmain.

PS: With UASF price didn't even started falling... With their (B)AHD  started fall fast
UASF is a good proposal and may actually get a lot more support now. If it avoids a chain split, price will go up. If it does split the chain and Bitmain goes through with their attack, then we will have 3 chains. What the value of each one will be is uncertain.
Definitely true, I do wonder how Bitcoin would be doing if it was asic proof and relied on GPU mining still. It is scary that one company can have so much sway over the future of the entire coin.
legendary
Activity: 3934
Merit: 3190
Leave no FUD unchallenged
12 pages seems like a lot of unnecessary drama for something that may not even materialise.  Maybe everyone could just stop for a second, read the thread title one more time and pay close attention to the "if" part of it.  If UASF make their altcoin, then Bitmain make their altcoin.  



I'm not the biggest fan of 148, 149 is probably better, and I would prefer 141 most of all.

But maybe you should quit your "impartial voice of reason" routine, as you're showing pretty obvious bias to be suggesting that BIP148 activation would be equivalent to an altcoin launch. It's not necessarily "the actual Bitcoin" either, but if you were really as impartial as you paint yourself as, you would be saying it's really a subjective matter, and not the black and white unnuanced "altcoin" you're decreeing it as, it's more complicated than your simplistic presentation.

You can't affect what becomes the "Bitcoin chain" either now or in the future, it's for the users as a whole to decide. So, I know the air is a little thin up there in the clouds amongst the other gods, but take some advice: come back down to earth with the rest of the mortals. You're drunk on the lack of oxygen getting to your brain

There's obviously an element of "wait and see", as the situation could change.  Maybe it is too premature to dismiss it as an altcoin already.  But as things currently stand, I just don't see 148 getting the support it needs to survive, let alone have any kind of claim over the Bitcoin mantle.  Plus, if my bias is telling, it's because I do think it's a pretty dumb idea, heh.  I can't be impartial enough to pretend otherwise.  If things change soon, then sure, maybe 148 has a chance and then we can all go into meltdown over "Bitmaincoin".  But if 148 continues on its current course, it's en route to Altcoinville.

I mean, let's be honest, all of these companies listed on uasf.co and chek2fire's uneccessarily large image pledging "support" for 148 aren't exactly putting resources on the line to make it happen.  Much in the same way that I pledge "support" for my friends and loved ones to win the lottery if they're silly enough to waste their money on it.  It's pretty hollow and meaningless stuff.

Maybe there's some elaborate plan for a whole bunch of nodes to start signalling in unison in the closing stages, so it looks like some sort of snowball effect, but I can't help but think they would have started by now if that were the case.  Particularly considering the opportunity created by Bitmain's announcement, potentially giving proponents of UASF a kick up the backside to spur them into action.  But action doesn't seem to materialise.  Most of the "support" is verbal, or the written equivalent at least.  Hence cheerleading from the sidelines.  That alone isn't sufficient to create a viable fork.

In short, less talk, more nodes and some hashpower plz.
legendary
Activity: 3430
Merit: 3080
12 pages seems like a lot of unnecessary drama for something that may not even materialise.  Maybe everyone could just stop for a second, read the thread title one more time and pay close attention to the "if" part of it.  If UASF make their altcoin, then Bitmain make their altcoin.  



I'm not the biggest fan of 148, 149 is probably better, and I would prefer 141 most of all.

But maybe you should quit your "impartial voice of reason" routine, as you're showing pretty obvious bias to be suggesting that BIP148 activation would be equivalent to an altcoin launch. It's not necessarily "the actual Bitcoin" either, but if you were really as impartial as you paint yourself as, you would be saying it's really a subjective matter, and not the black and white unnuanced "altcoin" you're decreeing it as, it's more complicated than your simplistic presentation.

You can't affect what becomes the "Bitcoin chain" either now or in the future, it's for the users as a whole to decide. So, I know the air is a little thin up there in the clouds amongst the other gods, but take some advice: come back down to earth with the rest of the mortals. You're drunk on the lack of oxygen getting to your brain
legendary
Activity: 3934
Merit: 3190
Leave no FUD unchallenged
12 pages seems like a lot of unnecessary drama for something that may not even materialise.  Maybe everyone could just stop for a second, read the thread title one more time and pay close attention to the "if" part of it.  If UASF make their altcoin, then Bitmain make their altcoin.  If UASF falls flat on its face, your regularly scheduled programme resumes.  For all the angst on display in this thread, it should be noted that there's maybe an extra 50 nodes or so signalling UASF since Bitmain made their announcement.  Hardly what I'd call an overwhelming response. 

ITT:  Rival cheerleaders on the sidelines get angry at each other for reasons.  The people actually playing the game DGAF.
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